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The idea of importing a rear-wheel drive Holden as a GM North American performance offering gradually transformed into importing the Monaro. Lutz, as well as other GM executives, later drove a Holden Monaro while on a business trip in Australia, which convinced them that importing the car could be a profitable venture. [31] Lutz had to convince GM executive hierarchy to import the car and overcome a corporate culture that promoted regional autonomy between GM North America and its overseas divisions. This resulted in an "unnecessarily long gestation period," as Lutz put it, and at a much higher cost than anticipated. The Monaro design was introduced in 2001 but appeared "dated" in 2003 when it was released in the United States. It was also originally planned to sell for about $25,000, but by the time it was launched in the U. S. , the Australian dollar's growth against the U. S. dollar had inflated the price of the car to well over $34,000. Both of these elements played a role in the car's lukewarm acceptance by the general public.
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